Question
Sun Corp. reported the following information for 2018 and 2019. 2018 2019 Accounts receivable $150 000 $120 000 Prepaid expenses 9 000 10 000 Accounts
Sun Corp. reported the following information for 2018 and 2019. 2018 2019 Accounts receivable $150 000 $120 000 Prepaid expenses 9 000 10 000 Accounts payable 65 000 80 000 Salaries payable 12 000 5 000 Income (profits or more correctly total comprehensive income) 200 000 Depreciation expense 14 000 Gain on sale of equipment 6 000 If Sun Corp. uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2019? Group of answer choices d. $247 000 a. $232 000 b. $215 000 c. $245 000
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